HRS Aluglaze IPO Subscription Day 3

Here, the HRS Aluglaze IPO launched on 11th December 2025. Bidding for the issue will close today, 15th December 2025. The primary aim of the HRS Aluglaze IPO is to raise ₹50.92 crores from the market. Also, the HRS Aluglaze IPO has received an impressive level of subscription, indicating that the shares will be listed at an impeccable premium. Scroll down to check the HRS Aluglaze IPO subscription and details. 

HRS Aluglaze IPO Details 

The price band for Riddhi Display Equipment’s IPO has been set at ₹94 to ₹96 per share, and a total of 63,09,600 shares are being issued. Let’s segregate the share quota fixed for different categories of investors. 

HRS Aluglaze IPO Subscription Status

As of now, the HRS Aluglaze IPO has been subscribed to 9.66 times. Of these, 13.72 times are subscribed by retail investors, 13.57 times by non-institutional investors, and 2.60 times by QII (Qualified Institutional Investors).  

The healthy subscription status indicates that investors are expecting higher returns at the time of HRS Aluglaze’s IPO listing on 18th December 2025. HRS Aluglaze also has a positive outlook behind the fresh issue of 0.53 crore shares, which will raise around Rs 50.92 crores.

HRS Aluglaze IPO GMP Today

We know that higher subscription levels drive grey-market premiums for IPOs. Let’s explore the HRS Aluglaze IPO GMP for 15th December 2025. 

The grey market premium for this IPO has surged to 14.58% or Rs 14.00 per share. It indicates that the estimated listing price per share is Rs 110.00. Numerous factors played a pivotal role in this jump in the GMP of Riddhi Display Equipment’s IPO. These include higher subscription rates, favourable market sentiment, and investors’ positive attitude towards IPOs. 

About HRS Aluglaze Ltd.

HRS Aluglaze was established in 2012. HRS Aluglaze Ltd is engaged in the design, manufacturing, and installation of aluminium products, including windows, doors, curtain walls, cladding, and glazing systems. The Company provides standard and customised solutions to builders, contractors, architects, and institutions, along with material supply and procurement support. The manufacturing facility is located in Village Rajoda, Taluka Bavla, Ahmedabad, Gujarat, with an area of 11,176 square meters and equipped with CNC precision machinery and powder-coating facilities. An expansion of 13,714 square meters adjoining the current facility is proposed. As of September 30, 2025, the Company has 28 active projects.

HRS Aluglaze Limited Financials

The company’s financial analysis is essential before applying for the HRS Aluglaze IPO. Look at the table to learn about HRS Aluglaze Limited’s financials. 

Explanation

HRS Aluglaze Limited’s revenue increased by 56% from ₹26.97 crores in March 2024  to ₹42.14 crores in March 2025. Moreover, the company’s PAT increased by 188% from ₹1.79 crores in March 2024 to ₹5.15 crores in March 2025.

Technical Indicators

Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the HRS Aluglaze IPO.

HRS Aluglaze IPO Listing Expectations

HRS Aluglaze IPO Highlights: IPO allotment is still pending, as the bid will close today. However, given the current GMP or market sentiment, it is reasonable to expect higher listing gains for the share. A jump of 14.58% in Yash Highlight GMP suggests the estimated listing price per share will be around Rs 110.00.

It will provide higher listing gains to investors who applied for this IPO. Also, the financial fundamentals of this business made it the experts’ top long-term recommendation. 

HRS Aluglaze IPO Dates

Note: IPO GMP is volatile and depends on market sentiment. Hence, one should conduct their research before investing in it.

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